EverSource Wealth Advisors LLC Has $202,000 Stock Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

EverSource Wealth Advisors LLC grew its holdings in FTAI Aviation Ltd. (NYSE:FTAI) by 165.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,875 shares of the financial services provider’s stock after buying an additional 1,790 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in FTAI Aviation were worth $202,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in FTAI. CWM LLC acquired a new stake in shares of FTAI Aviation during the 4th quarter worth about $43,000. USA Financial Formulas increased its position in shares of FTAI Aviation by 1,684.6% during the 4th quarter. USA Financial Formulas now owns 1,624 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 1,533 shares in the last quarter. Tucker Asset Management LLC increased its position in shares of FTAI Aviation by 726.5% during the 4th quarter. Tucker Asset Management LLC now owns 1,653 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 1,453 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new stake in shares of FTAI Aviation during the 4th quarter worth about $109,000. Finally, Edmonds Duncan Registered Investment Advisors LLC acquired a new stake in shares of FTAI Aviation during the 1st quarter worth about $206,000. Institutional investors and hedge funds own 88.96% of the company’s stock.

Insider Activity

In other news, CEO Joseph P. Jr. Adams acquired 59,000 shares of FTAI Aviation stock in a transaction that occurred on Thursday, May 30th. The shares were acquired at an average price of $82.00 per share, with a total value of $4,838,000.00. Following the purchase, the chief executive officer now directly owns 197,382 shares of the company’s stock, valued at $16,185,324. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Wolfe Research cut shares of FTAI Aviation from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 10th. JMP Securities increased their target price on shares of FTAI Aviation from $90.00 to $132.00 and gave the stock a “market outperform” rating in a research report on Thursday, July 25th. Morgan Stanley raised their price objective on shares of FTAI Aviation from $85.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, June 13th. Compass Point raised their price objective on shares of FTAI Aviation from $88.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Finally, Jefferies Financial Group initiated coverage on shares of FTAI Aviation in a research report on Tuesday, June 25th. They issued a “buy” rating and a $120.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $110.90.

FTAI Aviation Price Performance

Shares of NYSE FTAI traded down $6.96 during mid-day trading on Friday, hitting $101.96. The company’s stock had a trading volume of 1,633,253 shares, compared to its average volume of 1,476,523. The stock has a market cap of $10.22 billion, a price-to-earnings ratio of 46.56 and a beta of 2.03. FTAI Aviation Ltd. has a one year low of $32.09 and a one year high of $117.45. The company’s fifty day simple moving average is $96.83 and its 200-day simple moving average is $75.66.

FTAI Aviation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 20th. Stockholders of record on Monday, August 12th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend is Monday, August 12th. FTAI Aviation’s dividend payout ratio (DPR) is presently 54.79%.

FTAI Aviation Profile

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.